Vietnam-Korea Industrial Business Trade Week slated for next week
A trade promotion event connecting the Republic of Korea’s fundamental industrial manufacturing enterprises (PPURI Industry) and Vietnamese importers will be held online during July 4-8 by the Korea Trade and Investment Promotion Agency (KOTRA).
The event will draw participants from 17 Korean industrial manufacturers and suppliers. (Photo: Yonhap/VNA)
Hanoi (VNA) - A trade promotion event connecting the Republic of Korea’sfundamental industrial manufacturing enterprises (PPURI Industry) andVietnamese importers will be held online during July 4-8 by the Korea Trade andInvestment Promotion Agency (KOTRA).
The event will draw 17 Korean manufacturers and suppliers focusing on machinetools and accessories, industrial robots, industrial cleaning machines,building materials, chemistry, automotive parts and industrial supplies forrailway and shipping industries. These are high-quality products that have beenwidely used in Korea and exported to many countries around the world.
Nearly 60 online meetings have been arranged and confirmed by KOTRA for thetrade week.
This event is expected to open up new cooperation opportunities for Vietnameseand Korean businesses in the field of industrial production./.
Stronger partnership between Vietnam and the Republic of Korea (RoK) in logistics, along with measures to encourage the transfer of technologies between the two sides, will help improve Vietnam's capacity in the field and contribute to turning Vietnam into an industrialised country in modern direction, said Director of the Trade Promotion Agency (Vietrade) Vu Ba Phu.
Leading enterprises from the Republic of Korea (RoK) including Samsung Electronics, Naver and Revu Corporation have further promoted investment in research and development (R&D) centres in Vietnam to fully tap high-quality and low-cost human resources.
The Vietnamese Government is willing to create favourable conditions for foreign enterprises, including those from the Republic of Korea (RoK), to expand investment and business in Vietnam, Deputy Prime Minister Pham Binh Minh told Chairman of Daewoo E&C Group Jung Won-ju.
Vietnam and the Republic of Korea (RoK) need to beef up cooperation and investment in the post-COVID-19-pandemic period, said Joo Si-bo, president of the RoK-Vietnam economic cooperation association, at a conference in Seoul on June 24.
Investors from the Republic of Korea (RoK) in Ho Chi Minh City are facing a number of bottlenecks related to labour regulation and administrative procedures that need to be promptly removed, heard a June 24 dialogue between the municipal leaders and the business community.
